Morgan Stanley (MS) plans to slash about 15% of its investment banking jobs in Asia, say...

|About: Morgan Stanley (MS)|By:, SA News Editor

Morgan Stanley (MS) plans to slash about 15% of its investment banking jobs in Asia, say sources, as part of its elimination of 1.6K jobs globally. The move is notable as the global cuts equate to 6% of the workforce, but cuts in Asia - where the growth supposedly is - will be deeper?